The Auditor Performs the Following Procedures During the Physical Inventory

question 47

Multiple Choice

The auditor performs the following procedures during the physical inventory counting

• A)identify the locations of the inventory and amounts of inventory at each location.
• B)observe the performance of the count procedures.
• C)use alternative audit procedures to obtain sufficient appropriate evidence regarding the existence and condition of the inventory.
• D)determine that inventory items on hand that are not owned by the client are identified.
• E)review the client's plans for taking inventory,including the process to count,control inventory tags or count sheets,the procedures for identifying obsolete items during the count,procedures for controlling the movement of inventory during the count,and the procedures for controlling shipping and receiving during the count.
• F)both B and D
• G)both C and D
• H)both D and E

---

Definitions:

Clients' Perceptions

Clients' perceptions involve the way clients view and interpret the services they receive, which can significantly impact their satisfaction and the perceived effectiveness of those services.

Seasonal Affective Disorder

A type of depression that occurs at a certain time of the year, usually in the winter, due to lack of natural sunlight.

Light-Exposure Therapy

A treatment method that uses natural or artificial light to affect the body's internal clock, often used for certain sleep disorders and depression.

Bulimia

An eating disorder characterized by episodes of binge eating followed by behaviors such as vomiting to prevent weight gain.